Hut 8 Corp. (TSE:HUT) Stock Now Rated “Strong Buy” by Wall Street Analysts

Hut 8 Corp. (TSE:HUT) has received a consensus rating of “Strong Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and eight have given a strong buy recommendation to the company.

A number of brokerages recently weighed in on HUT. Rothschild & Co Redburn upgraded Hut 8 to a “hold” rating in a report on Monday, September 21st. Roth Capital upgraded Hut 8 to a “strong-buy” rating in a research note on Wednesday, October 7th. UBS Group upgraded Hut 8 to a “strong-buy” rating in a report on Wednesday, September 23rd. Wells Fargo & Company upgraded Hut 8 to a “strong-buy” rating in a report on Thursday, September 17th. Finally, Freedom Broker raised Hut 8 to a “strong-buy” rating in a research note on Tuesday, August 18th.

Hut 8 Trading Up 15.6%

HUT stock opened at C$74.42 on Friday. The company has a market cap of C$8.93 billion, a price-to-earnings ratio of -13.78 and a beta of 4.58. The company has a quick ratio of 1.25, a current ratio of 9.48 and a debt-to-equity ratio of 16.38. The business has a fifty day simple moving average of C$113.66 and a 200-day simple moving average of C$114.46. Hut 8 has a 52 week low of C$44.82 and a 52 week high of C$194.28.

Hut 8 News Summary

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Maxim Group raised its earnings estimates across FY2026–FY2028 and multiple quarters, while reiterating its “Strong-Buy” rating. Its FY2026 loss estimate improved to $1.18 per share from $5.66, and its FY2027 estimate to $19.94 from $21.05. MarketBeat Hut 8 coverage
• Positive Sentiment: Northland Securities also sharply improved its FY2026 estimate, now projecting a $0.19-per-share loss versus its prior $3.36 loss forecast; its Q4 estimate improved to a $1.34 loss from $1.40. MarketBeat Hut 8 coverage
• Negative Sentiment: Despite the upgrades, Maxim still forecasts substantial losses in later periods, including $19.94 per share for FY2027 and $36.66 for FY2028, tempering the positive signal from the revisions. MarketBeat Hut 8 coverage

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Hut 8 stock. Dockside LLC purchased a new stake in Hut 8 Corp. (TSE:HUT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,252 shares of the company’s stock, valued at approximately $722,000. Institutional investors and hedge funds own 42.84% of the company’s stock.

About Hut 8

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.